Post
Topic
Board Bitcoin Discussion
Re: Why does Bitcoiner still support the use of centralized exchanges?
by
Z-tight
on 26/04/2023, 16:57:44 UTC
The community or you cannot force traders to do what you want. They just worry about money and profit, not about centralized or decentralized.
The word 'force' does not exist in the BTC community, it is a permissionless network and community, if you want to use it without learning from those who have more knowledge that you, then it is your choice and if you lose your BTC, it is your money that is lost. In a decentralized network there is freedom and not force, that's why real bitcoiners encourage people to use BTC in a decentralized way because centralized exchanges can confiscate your funds and force you to do whatever they want, or you will lose your money.
With the recent case of FTX is there any comfortability and reliability on centralized exchanges again?
Even before ftx collapsed they were not reliable, only when you have your keys should you be comfortable.
So, as I see it, it's just a lot of unnecessary FUD, business as usual.
It is always fud until they bite the dust, while all the information you got about this current case is correct, it does not make Trust wallet a recommended one to use, i would not recommend a wallet that's closed source and owned by Binance to people, we all know how Binance operates.